RedVector RV-11452

Construction Project Management: Project Financial Management

Construction Project Management: Project Financial Management

1 hr. Online Course

Level: Intermediate

Item#: RV-11452

SME: S. Sears

Did you know the project manager bears the overall responsibility for financial management of the work on a construction project? This includes carrying out such fiscal duties as may be imposed by the construction contract and implementing appropriate monetary procedures according to the dictates of good business practice. Project financial management can involve a broad range of responsibilities. This interactive online course covers project cost breakdowns, the forecasted schedule of progress payments, preparation or approval of periodic pay estimates, and documentation required for final payment. You will also learn how to monitor project cash requirements during the contract period and maintain complete and detailed daily records of the project.
Course Objectives
By the end of this course, you will be able to:
  • List the broad financial responsibilities of the project manager
  • Describe the variety of ways in which progress payments are made, depending upon the specific type of contract
  • Explain the importance of cash flow to the contractor and how the project manager can impact project cash flow
  • Recognize the importance of properly managing the change processes
SUBJECT MATTER EXPERT: S. Sears
S. KEOKI SEARS is a Project Manager and owner of Project Catalyst Corporation, based in Durango, Colorado.
State Licenses
AL - Engineer (General)
AL - Landscape Architect (General - Approved LA CES-2025)
AR - Engineer (General)
DC - Engineer (General - CE21800018)
DE - Engineer (General)
FL - Contractor, Certified (Business Practice - 0613158)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Palm Beach County (Business Practice - 0613158)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Pinellas County (Business Practice - 0613158)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Registered (Business Practice - 0613158)
Accreditation: FL DBPR Approved Provider 0001771
FL - Fire Protection System Contractor (Class I, II & III) (Business Practice - FP17742)
FL - Fire Protection System Contractor (Class IV) (Business Practice - FP17742)
FL - Fire Protection System Contractor (Class V) (Business Practice - FP17742)
GA - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
GA - Contractor, Residential and General (General)
GA - Engineer (General)
GA - Landscape Architect (General - Approved LA CES-2025)
IA - Engineer (General)
ID - Engineer (General)
IL - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
IL - Engineer, Professional (General)
IL - Engineer, Structural (General)
IL - Landscape Architect (General - Approved LA CES-2025)
IN - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
IN - Engineer (General - Board Approved - CE21800018)
IN - Landscape Architect (General - Approved LA CES-2025)
KS - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
KS - Engineer (General)
KS - Landscape Architect (General - Approved LA CES-2025)
KY - Engineer (General)
LA - Engineer (General)
LA - Landscape Architect (General - Approved LA CES-2025)
MD - Engineer (General)
MD - Landscape Architect (General - Approved LA CES-2025)
ME - Engineer (General)
MI - Contractor, Residential Builder and M & A (General)
MI - Engineer (General)
MI - Landscape Architect (General - Approved LA CES-2025)
MN - Engineer (General)
MO - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
MO - Engineer (General)
MO - Landscape Architect (General - Approved LA CES-2025)
MS - Engineer (General)
MT - Engineer (General)
NC - Engineer (General)
ND - Engineer (General)
NE - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
NE - Landscape Architect (General - Approved LA CES-2025)
NH - Engineer (General)
NJ - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
NJ - Engineer (General - 24GP000006300)
NM - Engineer (General)
NM - Landscape Architect (General - Approved LA CES-2025)
NV - Engineer (General)
NY - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
NY - Landscape Architect (General - Approved LA CES-2025)
OH - Engineer (General)
OH - Landscape Architect (General - Approved LA CES-2025)
OK - Engineer (General)
OR - Contractor, Commercial (General)
OR - Contractor, Residential (General - SRA2597)
Accreditation: Provider ID: 2014RCE0077; Vector Solutions is responsible for the content of this course.
OR - Engineer (General)
OR - Landscape Architect (General - Approved LA CES-2025)
PA - Landscape Architect (General - Approved LA CES-2025)
PR - Engineer (General)
SC - Engineer (General)
SD - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
SD - Engineer (General)
SD - Landscape Architect (General - Approved LA CES-2025)
TN - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
TN - Engineer (General)
TN - Landscape Architect (General - Approved LA CES-2025)
TX - Engineer (General)
UT - Engineer (General)
VA - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
VA - Engineer (General)
VA - Landscape Architect (General - Approved LA CES-2025)
VT - Engineer (General)
WA - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
WA - Landscape Architect (General - Approved LA CES-2025)
WI - Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
WI - Engineer (General)
WV - Engineer (General)
WV - Landscape Architect (General (max 6 hrs online) - Approved LA CES-2025)
WY - Engineer (General)
Professional Organizations
American Academy of Environmental Engineers - AAEES - Member (General)
American Hospital Association - AHA - Certified Healthcare Facility Manager (CHFM) (General)
American Institute of Architects - AIA - Architects (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
American Institute of Constructors - AIC - Professional Constructor (General)
American Society of Civil Engineers - ASCE - Academy of Coastal, Ocean, Port & Navigation Engineers (ACOPNE) (General)
American Society of Civil Engineers - ASCE - Academy of Geo-Professionals (AGP) (General)
American Society of Civil Engineers - ASCE - American Academy of Water Resources Engineer (AAWRE) (General)
American Society of Landscape Architects (LA CES) - ASLA - Member (General - Approved LA CES-2025)
Canada - Alberta Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
Canada - Alberta Engineer (General)
Canada - British Columbia Architect (AIBC) (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
Canada - British Columbia Engineer (General)
Canada - Manitoba Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
Canada - Manitoba Engineer (General)
Canada - New Brunswick Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
Canada - New Brunswick Engineer (General)
Canada - Newfoundland and Labrador Engineer (General)
Canada - Northwest Territories and Nunavut Engineer (General)
Canada - Northwest Territory Architect / Restricted Practitioner (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Engineer (General)
Canada - Ontario Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
Canada - Ontario Engineer (General)
Canada - Prince Edward Island Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
Canada - Prince Edward Island Engineer (General)
Canada - Quebec Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
Canada - Quebec Engineer (General)
Canada - Saskatchewan Architect (General - RV2408-2025)
Accreditation: AIA Registered Provider J315
Canada - Saskatchewan Engineer (General)
Canada - Yukon Engineer (General)
Construction Management Association of America - CMAA - (CCM, CACM) (General)
International Facility Management Association - IFMA - Certified Facility Manager (CFM) (General)
International Maintenance Institute - IMI - Certifications (CMT, CMP, CMM, CWWMT) (General)
National Institute for Certification in Engineering Technologies - NICET (General)
Project Management Institute (PMI) - Certified Associate in Project Management (CAPM) (Ways of Working - 1510-RV-11452)
Project Management Institute (PMI) - Program Management Professional (PgMP) (Ways of Working - 1510-RV-11452)
Project Management Institute (PMI) - Project Management Professional (PMP) (Ways of Working - 1510-RV-11452)